Stocks
IBM Receives New Investment from Portfolio Design Labs for Over $1.66 Million
Portfolio Design Labs LLC has made a new investment in International Business Machines Corporation (NYSE:IBM), buying approximately $1.66 million worth of IBM shares, according to its latest 13F filing with the Securities and Exchange Commission.
The firm acquired 5,910 shares of IBM's stock during the second quarter, with a total value of around $1.66 million.
This investment is among several recent changes made by various hedge funds in their positions in IBM. BlackRock Inc., for example, bought a new position worth $21.58 billion during the same period.